Chariot Resources Surges 39% on China Lithium Term Sheet
Chariot Resources (ASX: CC9) surged as much as 39% on August 18 and 19 after signing a non-binding term sheet with subsidiaries of China's Xiamen C&D for a drilling and offtake program on its Nigerian lithium ground. The move stayed contained to a single microcap. Albemarle, SQM, Sigma Lithium, Lithium Americas and Rio Tinto, the names that set lithium supply at scale, traded flat to lower the same session, and the materials sector ETF (XLB) slipped 0.88% alongside a broader market pullback. For more on broader market direction , see our latest retail earnings preview.
Key Takeaways Chariot Resources (ASX: CC9) jumped up to 39% on a non-binding term sheet with Xiamen C&D subsidiaries covering…
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